DAX 30 FTSE 100 Technical Analysis Elliott Wave and Trading Levels Strategy
Technical Analysis: The powerful move up on Friday should see some follow through on Monday above the Minor Level 12,500, that said, we should see a consolidation and swings across the 12,500 over the next few sessions ( in line with the Sp500 at 3,000 TL3 Major Trading Level), as trends have a beginning middle and ending process. The next resistance is 12,650, even though 12,600 will offer resistance.
DAX 30 Elliott Wave: Viewing the current high as Wave (iii) with an expected abc as Wave (iv) across the 12,500 and any retracement to 12,400 will create another buying opportunity.
DAX 30 Trading Strategy: Long 12,070 and taking part profit at 12,500. We will look to buy the pullback.
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